Second Thought Doesn't Understand Socialism: Part 3

In this third and final part on why Second Thought doesn't understand socialism I illustrate why socialism in practice results in disastrous consequences between running the printing press and driving up inflation.Show more

Again, as socialists always do, they love to project the blame off elsewhere and is precisely what Second Thought does with regards to the expensive costs of education, housing, healthcare, etc. But like I've pointed out, socialism would drive inflation soaring through the roof and is actually the cause of the problems for why things are so expensive.

As he claims, socialism doesn't hurt the poor, sounds good if one were to look at theory, but even the theory of socialism cannot be taken seriously. In the real world of economics, socialism leads to dire consequences and severe economic impoverishment because of the inflationary problem it is faced with and the attempts to control prices in the economy.